Impact of Industry 4.0 on the economy and production

Abstract

The difficulties and problems faced by economic entities, countries and regions, in general, on the way to implementing the achievements and developments of Industry 4.0 have been designated in the article. Special attention has been paid to economic and production aspects, as well as changes in the relevant systems in the context of radical technological transformations. In particular, it has been established that markets are becoming oligopolistic, the role and importance of medium and small businesses is significantly increasing, the problems of social inequality and tension in connection with growing unemployment and the need for highly qualified personnel are becoming more acute. In addition, the features of competition for technologies, investments, sales markets, territories of productive forces location have been highlighted. Attention has also been focused on the main “revolutionary” trends in industrial development associated with the launch of the innovation and technological cycle initiated by “Industry 4.0”. Specific actions and measures have been identified to implement these trends into reality.

A Systematic Review of Industry 4.0 Technology on Workforce Employability and Skills: Driving Success Factors and Challenges in South Asia

“…In India, the manufacturing and service sectors need more productivity and efficiency to manage these digital transformations (Jha 2021;Smolka and Papulova 2023). Researchers Kanji and Agrawal (2020) and Mezina et al (2022) found I4.0 may increase social inequality while creating a heightened need for highly qualified personnel. The authors argue that appropriate policies and partnerships need to be implemented to ensure inclusive development in developing countries, especially in India, Bangladesh, and Pakistan.…”

Justification for the development of measures to neutralize sanctions pressure and further development of the Russian economy

“…В связи с тем, что страна лишилась половины своих золотовалютных резервов и невозможностью взять кредит на внешних рынках, в ближайшие годы Правительству придется переориентировать ресурсы на наиболее значимые сферы, такие как оборона, социальная, финансовая и производственная. По заверениям правительства денег хватит на все ключевые направления и все значимые проекты будут реализованы, хотя, возможно, с приносом сроков реализации [7].…”

“…Информационно-аналитическое финансовое издание «Банки сегодня» https://bankstoday.net (дата обращения 23.03.2023) 7. БКС Экспресс https://bcs-express.ru (дата обращения 23.03.2023).…”